Nickel futures up on spot demand

New Delhi, Feb 10 () Nickel prices on Monday edged up by Rs 5.30 to Rs 946 per kg in futures trade as speculators built positions on rising demand from alloy-makers at spot market.

On the Multi Commodity Exchange, nickel contracts for February delivery gained Rs 5.30, or 0.56 per cent, to Rs 946 per kg in a business turnover of 3,301 lots.

Similarly, the metal for March delivery traded higher by Rs 4.80, or 0.51 per cent, at Rs 947.40 per kg in a business turnover of 66 lots.

Rising demand in spot market from alloy-makers mainly supported price rise in nickel futures, analysts said. VHP SHWSHW